Earnings ·
Global Ship Lease reports Q3 EPS of $2.75 and raises quarterly dividend to $0.6875 per share
GSLGlobal Ship Lease, Inc.
Global Ship Lease reported third-quarter net income available to common shareholders of $99.2 million, or $2.75 per share, up from $92.6 million in the prior year period. Operating revenue for the quarter was $201.4 million, while Adjusted EBITDA reached $138.8 million. The company declared a quarterly dividend of $0.6875 per Class A common share, representing a 25% increase from the previous quarter's rate and bringing the annualized payout to $2.75 per share. Additionally, Global Ship Lease secured a $1.0 billion syndicated loan facility to finance its newbuilding program. The company operates as an owner of containerships.